Zscaler is the weakest performer in its sector and shows no bullish technical setup.

Well, Zscaler is familiar to us because we have to go through an authentication process every time we open our laptop. Uh, Wall Street hasn't been very kind to Giscalar this year.

We see that Giscalar is down 36%, while the S&P is up about 19%, but it's even worse when you think about it in terms of the cybersecurity sector.

And when comparing Giscalar with other names in that group, it can be seen that Giscalar is at the very bottom of the list. Still, no matter how you look at it, Giscalar is the weakest of this group.

So, looking at the chart , the recent price movements have created a broadening triangle. We have two boundary lines, one passing over a low level and the other over a high level, which are moving away from each other ; This indicates increasing volatility and difficult trading patterns.

Our long-term downward sloping blue trend line, however, was recently broken. So, we saw some upside , but it was limited as we were unable to surpass the highs near 191 that preceded our last earnings report.

Therefore, the OTE is the point to cross for upside.

Beyond that, there is a small gap at 212 and some relative highs at 230, which are our two upper red lines. In a downtrend , we have a support zone between 160 and 157, as it represents the old high and the recent low.

So this could also be a support area. Another floor or support is clearly visible near 138. Speaking of our moving averages, we are in the middle of the four averages we follow.

On the downside , we have Gold's 63-day EMA, or Exponential Moving Average, which represents a quarter and stands at 162. On the upside, our 251- day EMA, which represents the longest period, one trading year , is at 183.

So these are some important levels to watch for potential breakouts to the upside or downside. The RSI is holding just above the 50 midline , falling below the green trend line.

So there is a bit of a slowdown here as we move towards income calculations , but this is quite normal.

Our volume profile study finally shows the most important volume areas at 124 to 155 below, where we essentially find our control points or most traded areas.

The main reason is that Evercore ISI has put it on their technical short list. They say there is no evidence that the income calculations are good. So, an Iron Condor, which gives a somewhat neutral perspective.

Minus one September 18, 205-210, 150-145 Iron Condor 220 credits.

After 15 days, the break-even points will come at 147.80 and 207.20. Which is about 16.5% in both the downward and upward directions respectively. Therefore, we expect the share price to remain within this expected movement area. Maximum profit 220, maximum loss 280.